juggernaut since dave cody took over 13 years ago, honeywell. has its analyst day on monday and we're all over it not just for the nuts and bolts and innovations but for the sense of the world. he has an uncanny in his predictions of what's working what can work what areas are working. even though he's too self effacing to admit he gets it right. nonresidential construction auto aerospace, safety i want to hear all of it especially where he does seed planting. his process of moving ahead of where things are, anticipating where they will be a few years out. honey honeywell is not the only company with an analyst meeting monday exxonmobil is hosting a con fab too. maybe the buffett sperm giant can tell us what the heck is going on with oil prices. i've been of the view that the supply will continue to overwhelm demand. so oil is going to stay down longer than expected at this 48 $49 level, but i respect that way too much not to pay attention to a more contrary bullish opinion. pay close attention to drilling

same with honeywell. but alcoa had the misfortune of having a stock that ran right into the announcement. honeywell hadn't run that much and was able to break out. boeing had pulled back and was supposed to miss. the short sellers were crushed and eaton had terrific numbers last summer so it stunned. of course, 3m as always was incredible. just like clock work the core holding, disney what can i say? definition of blowout. worst in show so far the pharmaceuticals and the technology stocks and the smattering of industrials. now, we begun to believe, for example, the personal computer space was doing better. so everything related to the pc space had rallied going into earnings season. turns out, personal computers aren't better and every stock related to pcs disappointed, worst of all, microsoflttmicrosoft. we also believe cell phones would be stellar, yes, apple's were, but the other companies that ran into the quarter, no. haven't moved at all. not good enough. we believe the internet would be terrific. a

walt disney, hasbro, wyndham, boeing, honeywell, listen, starbucks is in there, estee lauder doing veryhighs right now. so as we turn away from -- january's already in the rearview mirror. we look back at risk appetite and is it back on the table. stocks are once again in record mode, erasing the down beat performance from january. i mean, look, if you remember last year after falling more than 3% in january, the s&p 500 bounced back in february, went on to end the year with a stellar 11% gain. so does that mean we see another year not only of double-digit gains, but bucking that january trend where if it's down in january, the rest of the year's down, or will global headwinds push these markets south. >> 32 advisers' founder and ceo, robert wolf. you are striking a little bit of a more cautious tone now. just as we're hitting records. >> well, it's great to be here on a record day, how's that? liz: that's all you. >> listen, it's great to see boeing, honeywell, disney, i know all the ceoss, they're great visionaries, and they've had a great fourth quarter. right now not surprising the

two tougher ones 3m and honeywell. i say they're tougher because they're so high. they don't have the cushion you get from a dow or an eaton. but 3 m and honeywell had two of the best calls of the quarter and both are factoring european weakness that might never occur. finally, i'm going with cisco. a thunlg data breach at anthem. sure, there's fireeye, but how about a big internet security company with a monster amount of business in europe that's just getting cooking. cisco, inexpensive stock, fabulous buyback, terrific dividend, management knows how to give companies a soup-to-nuts end-to-end solution with seasonal security -- sensational security protection. sensational. tonight, both twitter, wow, can you believe it and linkedin blew away the numbers. people will be talking internet tomorrow. i want you to think cisco, as a terrific internet guru. look, i know you can call me out there with this jason statham thing, but only if you haven't heard this new greek finance minister talk or looked a to the guy. you can say i'm off the reservation with the costco ana

honey honeywell is not the only company with an analyst meeting monday exxonmobil is hosting a con fab too. maybe the buffett sperm giant can tell us what the heck is going on with oil prices. i've been of the view that the supply will continue to overwhelm demand. so oil is going to stay down longer than expected at this 48 $49 level, but i respect that way too much not to pay attention to a more contrary bullish opinion. pay close attention to drilling budgets. will they put their money or not put their money where their mouths are. great question needs answers. thursday is consistency day, pay homage to costco and kroger. talk about self efacement. you can't get one word of chest thumping. they go about dominating their industries. i have to tell you while the ceos may be quiet, the stocks have become anything but. which brings me to what you need to know. there is a chattering trading consensus around a view that both kroger and costco have moved up too much to be able to handle any even of the most mild disappointment. i don't think we'll get one. but i'm wary that both might succ

they have terrific earnings visibility and honeywell is riding behind them in the avionics area. we like the aerospace segment. xilinx is beaten up semiconductor name just begun to rally last couple weeks. we think they're positions s.e. well as the lte buildout happens in china. david: you're there in houston. a lot of companies are suffering mightily because of the lower oil prices that we have now, some of the wells are being capped. some businesses are going bankrupt. what do you think the overall effect will be on economy? a lot of people said so many positives from low oil prices because consumer will have extra money. we saw from retail figures today, it hasn't been that helpful on retail. i'm wondering how much more hurtful it will be in the overall economy? >> i'm with you. the i think, ill effects have been discounted. just as, a fact that was in yesterday's "wall street journal," you know, of all the office development, office buildings, being built in america today, 1/6 of them are being built in houston. that gives you idea of last, two, threers years, what a dynamic

you buy ford industrials boeing honeywell, pick up with some yields with potential for total returns.this with the exception of musical bond market , for most investors -- >> 126 for s&p earnings? we had peter yesterday on the total opposite end. he thinks talk will go down 5% this year. here is why he justifies it. >> we will see pressure on earnings through a stronger dollar. that is fairly consensus but that is the first step in lower equities. >> the dollar is a potential problem. we saw the fourth-quarter earnings -- not all company spirit honeywell hedge boeing seemed to escape right through it. there were companies that did get turned -- the pepsi-colas of this world. >> you mentioned ford. most of the car manufacturers try to produce as much as they can in the markets where they are selling their products. >> if you watch where you are sourcing your materials, you can hedge by production. we can't help but think that u.s. multinationals are certainly not unfamiliar with dealing with foreign currency. they have dealt with strong currencies before. not all will be good. that's w

partnerships with at&t soft bank, intel and cystisco to name a few but rockwell automation emerson and honeywell have been allocating resources as well. cyber security a primary issue and the not yet known effects that automation could have on the labor market and companies like ge the challenge of monetization. so this new technology doesn't just become another cost of doing business in the internet age. for "nightly business report," i'm morgan brennan in san ramone california. >>> as the nasdaq approaches 5,000, our market monitor said some of the biggest names in technology are retractive right now. he's jordan pozner, senior port yoel folio. people don't typically think technology stocks as value plays, but you go bottoms up. you look at individual companies, their balance sheets their income statements. and their stock prices and you found some in technology beginning with ze man tech. >> they have a good solid business in i.t. security and data storage, very positive fundamental growth still attached to them. the company decided they can actually generate some value by breaking two busine

. >> honeywell best industrial play.e of the fifty trades of pay. >> i'm melissa lee. thankshey! >> the only time you're watching. see you tomorrow. "mad money" starts now. >> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always work somewhere. i promise to help you find it. "mad money" starts now. >> hey, i'm cramer. welcome to mad money. a lot of people make funds, i'm just trying to save you money. my job is to not only entertain but teach. some days just smack you right in the face and say look at me! this is what is working, chief! by the best

. >> honeywell best industrial play. i think it's one of the fifty trades of pay. >> i'm melissa lee. thankshey! >> the only time you're watching. see you tomorrow. "mad money" starts now. >> my mission is simple to make you money. i'm here to level the playing field for all investors. there's always work somewhere. i promise to help you find it. "mad money" starts now. >> hey, i'm cramer. welcome to mad money. a lot of people make funds, i'm just trying to save you money. my job is to not only entertain but teach. some days just smack you right in the face and say look at me! this is what is working, chief! by the best and leave the others to the rest. this is one of those days. the dow climbed 110 points. nasdaq surged 1.18% to a 15-year high! so what exact slily is working? let's look at the stocks that were. they tell the tale of the tape. and let's start with somebody we talked to last night. start with john chambers and cisco. if you go back to the 1990s, you'll find one tech company that understood the year. it wa

hewlett-packard, not honeywell. hpq on the sell-off. >> i'm melissa lee. thanks for watching. see you back here tomorrow at 5:00 for more fast. jim cramer and "mad money" is up next. >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there's always work somewhere and i promise to help you find it. "mad money" starts now. >>> hey. i'm cramer. welcome to "mad money." all the people want to make friends, i'm trying to save money. my job is not just to entertain but to teach and coach you. call me at 1-800- -- or tweet me @jimcramer. in a bull market things go right. that's what happens. objections get rebutted fears are quelled. which is how the dow and s&p rallied to record levels. s&p climbing .28%. by the way that's a 15-year high. yep. bull markets take their cue from johnny mercer. as investors ak sen wait the positive eliminate the negative and don't short mr. in between. let's start with some big winners. last time we learned the u.s. is investigating whether the gold market has been rigged by some of the world's largest bank

hewlett-packard, not honeywell. hpq on the sell-off. >> i'm melissa lee. thanks for watching.re tomorrow at 5 more fast. jim cramer and "mad money" is up next. >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always work somewhere and i promise to help you find it. "mad money" starts now. >>> hey. i'm cramer. welcome to "mad money." all the people want to make friends, i'm trying to save money. my job is not just to entertain but to teach and coach you. call me at 1-800- -- or tweet me @jimcramer. in a bull market, things go right. that's what happens. objections get rebutted, fears are

honeywell is one example. there is the issue of changing cost.ust the revenue you collect. it is what you pay for production. as someone pointed out to me, not only that you have to think about the things that are priced in dollars. things like oil and copper. you have not seen the effect their. >> we have been looking over the last decade at the assumption that all the growth will be in emerging markets. procter & gamble and caterpillar had based their strategies on selling abroad moving abroad. this shift will take a long time to adjust. >> a ship corporations have not had to deal with it longer than that. i talked to a portfolio manager and he pointed out, it has been decades since we have been in a sustained rising dollar environment. not something companies and investors have had to wrap their heads around. this latest move caught them off guard. if europe continues as it has been and we do see rates go up in the u.s. it's not as though this environment is over perhaps companies will be able to adjust for it and we want to the sharpness of t

that was honeywell's business.anies that connects supply and demand and changes industry. some examples of that, we are invested in a company called talk space, an online marketplace for psychotherapy. another company is uber for off-line storage. they just announced a deal with a secondary market for used furniture. this is all powered by mobile. >> it is funny because even yesterday we had wework on, and the ceo says that they are a tech company, not a real estate company. that does it for today. tomorrow, the nba's hottest stars make their way to brooklyn. we will speak to leo hindery and david levy. bob doll tells us how he is managing $8 billion in funds. that is all tomorrow at 8:00 eastern time. ♪ >> live from bloomberg headquarters in new york, this is "market makers" with erik schatzker and stephanie ruhle. >> earnings are better than expected as customers snap up the news networking tool but what about this new challenge from facebook? we will speak to the cisco facebook -- ceo john chambers. >>

since companies did successfully hedge -- honeywell was one of those -- and you have to look at the costoduction abroad. companies are making stuff and their costs are going down. it is not a straight issue where you look at the increase in the u.s. dollar and that is going to meet a decrease in sales for u.s. companies. it is a little bit more nuanced than that. the question now is how sustained is this affect going to be? it is not necessarily that we see the same magnitude of change , but the trajectory may well continue. matt: we will certainly hear it as an excuse every time a company misses earnings estimates. thank you for the timely report, as we are hearing earnings reports for the lot. 45 minutes until the opening bell. i want to go to achieve markets correspondent -- our chief markets correspondent, scarlet fu, for the reaction. scarlet: well overestimates and before the report came out, we didn't have the direction of the financial market. no one wanted to get ahead of it. now that the report is out we have had 17 minutes to digest all the numbers and we're seeing a positive

forces program, have been able to recruit companies all across the country, major corporations like honeywell and smaller companies, to not just do job fairs, but make concrete commitments. we are going to hire a certain number of military spouses. and hundreds of thousands of folks have come through these programs. the challenge we have still got is that we have got to find ways for veterans to upgrade their skills through this process. and that is where things like apprenticeships, so that folks are not just getting hired at the bottom rungs, but have the opportunity to maybe come in at a higher wage or a higher salary. we have to tie together the education process with the hiring process. sure. >> [indiscernible] president obama: right. >> [indiscernible] saying if you and a veteran have the same qualifications [indiscernible] i feel like that is somewhat fair, because they put their lives on the line for our country. and they are taking this job [indiscernible] do you agree with that? president obama: i am always careful about not agreeing with bills that i have not read because that is h

. >> the rumor was that honeywell might be interested. i know dave cody.d be a shocking thing if that's the case. interested in bar code business. he's done that. but this would be out of sync. it would be more in sync with oracle. not that oracle -- i know you don't want to do big acquisitions. >> i did want to note the impetus behind that appears to be starboard. but it did sell only 1.2 million shares of staples. but it took it down to 4.9% at which point it no longer has to file when it sells. so we'll keep an eye on shares of staples. but i did think it was interesting that they chose to sell. they still own 4-9 conceivably. but now they can sell and we won't know. if they choose to just focus on the odp side of the equation. staples had been up sharply, but came down because there is still great concern as to whether they can pass any trust. >> there was a little deal announced, harris. a terrific company, spin off of itt. a lot of wealth created there. harris went up very big. which shows you the acquirers are still doing great when they do these co

including honeywell, emerson, and rockwell. 5% to 10% more generation in turn 20% more profit.technology. >> all right. much better understanding now. >> may have a cocktail party tonight. >> you're ready for the next -- yeah. >> talk about the cloud. internet of everything. internet of things. right? >> you sound like you know what you're talking about. >> scaleability. transparency. >> blah blah blah. >> yeah. that's why people leave when i'm talking. >>> let's talk about finding opportunity in small cap stocks. it can be risky business. and one fund has been doing it longer than anyone in the country. the new horizons fund started 55 years ago. morning star gives it a bronze status status. the manager of the fund is henry ellen ellenbogen. he joins us for a rare interview. thanks for being here today. >> thank you for having me. >> small caps have been tricky especially lately to find out where the gains are coming in. what's going on with small caps? why do you think they're underperforming? >> you know, i just think they had such a good 2013 and growth is so scarce in the